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0348-16
| A | 1. | Subject: (Direct Referral) A communication from the Interim Director of City Development seeking permission to accept a $470,800.00 grant from the Wisconsin Department of Natural Resources - Knowles Nelson Stewardship Grant for the acquistion of 5.575 acr | Communication | Subject: Communication from the Executive Director of the Redevelopment Authority for permission to accept a Knowles-Nelson grant of $470,750 from the Wisconsin Department of Natural Resources for the purposes of property acquisition for the “Machinery Row” portion of the Root River Promenade (Grant Control #00035). (Res. No. 0304-16)
Recommendation of the Redevelopment Authority on 8-29-16: That the grant acceptance be approved and the Chairman and the Executive Director of the Redevelopment Authority, Mayor and City Clerk be authorized to acquire the property, bring sufficient funds to the closing to close the transaction, acquire the reimbursement under the grant, and to take such actions and make such decisions necessary to carry out the intent of the attached resolution.
Staff Recommendation to the Finance and Personnel Committee on 8-31-2016: That the Finance and Personnel Committee recommend that the Common Council approve acceptance of the grant.
Fiscal Note: The grant is for $470,750. The developer is donating a grant match of fifty percent of the total appraised value ($ | Recommended For Approval | Pass |
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0742-16
| A | 2. | FDP MR LLC Amendment (Res. No. 0305-16) | Communication | Subject: (Direct Referral) A request by the Executive Director authorizing a second amendment to the development agreement between FDP MR, LLC; Rodney A. Blackwell; the City of Racine; and the Redevelopment Authority of the City of Racine regarding the Machinery Row Development, subject to approval of the Amendment by the Common Council. (Res. No. 0305-16)
Recommendation of the Redevelopment Authority on 8-29-16: That the amendment to the development agreement be approved and that the Chairman and Executive Director of the Redevelopment Authority, Mayor, City Clerk, and City Staff be authorized to execute the Second Amendment, to expend funds in accordance with the Second Amendment, and to take such actions and make such decisions necessary to carry out the intent of the attached resolution.
Staff Recommendation to the Finance & Personnel Meeting on 8-31-2016: That the Finance and Personnel Committee recommend the Common Council approve, and authorize the Mayor and City Clerk to execute, the amendment to the development agreement to Common Council.
Fiscal Note: The second amendmen | Recommended For Approval | Pass |
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